The second item you mention in your “Economic and Fiscal Outlook”, on page 1. You said it would be good practice if policy-makers commit in advance to the allocation of potential surpluses between debt reduction, tax reductions, or spending increases. I agree heartily, and so I want you to advise this committee as to what per cent you would allocate to each one of those.
On November 3rd, 2014. See this statement in context.